Shearman & Sterling is representing The Dow Chemical Company in the divestiture of Dow’s global Polypropylene Licensing & Catalysts business to W. R. Grace & Co. for $500 million.

The Shearman & Sterling team was led by partner and Global Head of Mergers & Acquisitions George Casey, counsel Heiko Schiwek (New York-Mergers & Acquisitions), and associates Tammara Fort (New York-Mergers & Acquisitions) and Roger Morscheiser (New York-Mergers & Acquisitions). Other key members of the team included partners Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits) and Douglas McFadyen (New York-Tax); counsel Jordan Altman (New York-Intellectual Property Transactions), Jason Pratt (New York-Real Estate/Environmental), and Robert Fagiola (New York-Real Estate); and associates Laura Mulry (New York-Real Estate/Environmental), Kris Ferranti (New York-Real Estate), Michael Jokic (New York-Intellectual Property Transactions), Alykhan Kurji (New York-Intellectual Property Transactions), Joanna Si (New York-Mergers & Acquisitions), Samara Thomas (New York-Mergers & Acquisitions), Drew Shoals (New York-Mergers & Acquisitions), Jin Wang (New York-Mergers & Acquisitions), Sue Kim (New York-Mergers & Acquisitions) and Valerie Petein (New York-Executive Compensation & Employee Benefits).